Real Estate Asset Ledger, or REAL, is an Ethereum-based system targeted towards the real estate industry.
Read our REAL review to find out how the platform works.
What Is Real Estate Asset Ledger?
REAL (Real Estate Asset Ledger) is an Ethereum smart contracts-governed ecosystem that applies blockchain technology to the world of real estate investment.
The goal, like similar real estate companies, is to give greater access to international real estate investments, lower barriers to entry, and increase market liquidity.
To do that, Real Estate Asset Ledger is developing a decentralized currency called REAL. Users will be able to spend REAL through the platform, picking investment opportunities around the world. You could invest 10 REAL in an office building in Hong Kong, for example, and 5 REAL in a commercial space in Barcelona. After investing in a real estate asset, you receive a proportionate share of any revenue generated by that space (say, in rent). When the property sells, you receive your tokens as well as any profits earned through the sale.
REAL can be found online at REAL.markets. The REAL token sale is scheduled to begin on August 31. REAL tokens will be used to purchase shares in properties listed on the platform.
How Does Real Estate Asset Ledger Work?
Essentially, Real Estate Asset Ledger offers real estate crypto-crowdfunding. It’s a crowdfunding site built on the Ethereum blockchain and Ethereum smart contracts.
Anyone around the world can use the Real Estate Asset Ledger crowdfunding site to perform real estate transactions in a faster, cheaper, and more transparent way than ever before.
The site has not yet been launched. However, when it launches, users will be able to acquire the economic rights of real estate assets by paying with REAL tokens. One property, for example, might be worth 1 million REAL tokens. Users can invest in that property for as little as 1 REAL. You can buy REAL from the token sale, or from exchanges in the future.
After an investment has been made into a particular property, users will receive a share of the rental profits generated by that real estate asset. These profits are paid on a monthly basis. And, when the investment is liquidated (sold at a profit, or sold to another user in the marketplace at a secondary market option), the user will receive his REAL tokens plus any generated profits.
You can browse properties on the Real Estate Asset Ledger dashboard. The top of the website features the funding in your account, while the main site features images of the properties available for investment. In a mock-up image, we can see office buildings available in Santiago, Chile at a price of 1.290 million REAL, for example. You can view properties around the world, then pick wherever you would like to invest.
Real Estate Asset Ledger Features
REAL advertises all of the following features:
REAL has a reputable founding team and solid financial and legal support, according to the official website.
No Minimum Investment:
Investing in real estate is usually reserved to those with a lot of capital. You need to buy an entire building, for example. By tokenizing and fractionating real estate, Real Estate Asset Ledger is lowering the barriers to entry.
Real Estate Asset Ledger’s financials and holdings will be audited by an independent third party on a monthly basis. REAL also claims to be working with “some of the most respected Ethereum security advisors”, and results of all audits will be made public.
100% Asset Backed:
REAL tokens will be 100% backed by assets, which minimizes the risk and volatility of the cryptocurrency.
Real Estate Asset Ledger will be available around the world. Investors can participate in REAL as long as they have an ERC20 compatible wallet.
Cold Storage, Multi-Signature Security:
All funds raised during the ICO will be kept in cold storage behind a multi-signature security framework. All handling of funds will be performed in an isolated room without any video or audio recordings, and the keys are only handled by senior employees of Bitcoin Suisse AG. Backup seeds are stored individually in high-security vaults in Switzerland.
REAL tokens are minted via the Token Sale Smart Contract.
The Real Estate Asset Ledger Token Sale
The REAL token sale is scheduled for August 31, with a pre-sale period beginning on August 24.
51% of the total supply of tokens will be available during the pre-sale and ICO. 29% will be held in reserve, and 20% will be held by the Real Estate Asset Ledger team. You’ll receive 220 REAL tokens for each 1 ETH you invest.
There’s a 50 million token soft cap and a 100 million token hard/security cap on the crowdsale.
Who’s Behind Real Estate Asset Ledger?
Real Estate Asset Ledger is led by CEO and Co-Founder Enrique Dubois, a serial entrepreneur and business angel with over 15 years of experience. Other key members of the team include Bernardo Hernandez (Co-Founder and Director), and Javier Llabres (CTO).
The company is based in Singapore.
Real Estate Asset Ledger Conclusion
Real Estate Asset Ledger isn’t the only company that aims to tokenize and disrupt the real estate industry. However, it appears to be one of the early leaders. The company’s platform is not yet available. However, they claim to have finalized the regulatory and legal framework required for the concept, and deep technical details are available through the company’s wallpaper.
If successful, Real Estate Asset Ledger will allow investors to pay for real estate assets worldwide using REAL tokens. It’s a new, cheaper, and more efficient way of investing in real estate.
You can learn more about Real Estate Asset Ledger by visiting the organization online at REAL.markets. The company is preparing for its ICO on August 31 (with a pre-sale beginning on August 24).